Chemicals for manufacturing soap and bath products
Sarah
Berekum, Ghana
100% repaid
Entrepreneur
Name
Sarah
Member since
April 2015
On-time repayments
219 installments • 25%
About Me
I am a 20 year old lady who started her basic education at the St. Monica's primary and Junior High School. Unfortunately for me I had to drop out due to financial problems. At the beginning, things weren't that easy but through hard work and determinations, I could achieve something out of nothing. My big brother came with an idea that we should begin our own business. He wanted us to do some soap and detergent, sorrelle drink and fruit drink business. Well, we started alright but the challenges were so much that he almost quit. I love to watch local movies and listen to music.
My Business
The business is actually into soap and detergent and cosmetics and drinks production. For now, we manufacture liquid detergents and sorrelle drinks. These products that we manufacture are in a high demand because people use them everyday. Our products in particular are also affordable and provide many benefits. The liquid detergent does not just cleanse clothes but also provide the skin with some protection due to the addition of humectants and vitamin E. We chose this kind of business because we felt we needed to begin something to earn some money to support support the family and my child's education. The products come with affordable price and are quality. The revenue for now is about GHS 6,000. I wish to reinvest my profit and also use most part to take care of the house.
Loan Proposal
When I receive the loan, I will buy soap chemicals, Vaseline and air freshener chemicals for production. These items approximately cost about $265. If I receive the loan, I can buy a lot of the chemicals for manufacturing. This will then increase my profit and help me produce more. It will also help me sell the items at a very low price to customers so that every individual will get access to quality product. I expect my profit to increase by times two.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 18, 2015
Repayment status
On Time
Projected term
8 months
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